August 2017

Although for the past several years foreign investment has fueled the real estate market and driven prices to new heights in select Canadian cities, those days may be ending. The frenzied buying habits of wealthy investors has been a mixed blessing for many cities, notably West Coast markets above and below the Canada/US border. Asian investment in cities including New York, Boston, Houston and Miami, is also well documented, but has not led to the unparalleled price increases experienced in Vancouver, B.C.

Escalating prices, properties left empty and untended by foreign owners, and an influx of non-resident owners has changed the face of real estate in some of those West Coast cities, including Seattle and San Francisco, and in other Canadian